Schaeffer's Trading Floor Blog

Buzz Stocks: BP plc (ADR), Tesla Motors Inc (TSLA), DISH Network Corp, and QUALCOMM, Inc.

Today's stocks to watch in the news include BP, TSLA, DISH, and QCOM

by 3/4/2014 9:05 AM
Stocks quoted in this article:

U.S. stocks are poised to leap higher out of the gate this morning, following developments overseas. Specifically, Russian President Vladimir Putin ordered troops stationed near the Ukraine border to return to their bases. In company news, here are some names to watch today:

  • A federal appeals court dismissed an appeal from BP plc (ADR) (NYSE:BP) that argued certain damage claims awarded to businesses could not be attributed to the Deepwater Horizon explosion and subsequent oil spill. The London-based oil giant had attempted to argue that businesses would have to demonstrate a clear connection to the oil spill in order to collect a settlement. BP could end up paying in the neighborhood of $9.2 billion as recompense for the 2010 accident. (The Washington Post)

  • At the Geneva Motor Show, Tesla Motors Inc (NASDAQ:TSLA) announced plans to open more than 30 new European stores, and will also augment its Supercharger network across the continent. CEO Elon Musk projected that, "By the end of this year, we expect you will be able to travel almost anywhere in Europe using only Superchargers." (

  • DISH Network Corp (NASDAQ:DISH) extended an agreement with The Walt Disney Company (NYSE:DIS) to carry Disney TV networks such as ESPN and ABC, and stream content via mobile devices. Under the terms of the deal, Dish's controversial AutoHop feature -- which allows users to skip over commercials -- will be disabled for three days after a program broadcast on a Disney network has been recorded. (USA Today)

  • QUALCOMM, Inc. (NASDAQ:QCOM) hiked its quarterly dividend by 20% to 42 cents per share, and announced a $5 billion increase to its stock-buying plan. The total buyback authorization now stands at $7.8 billion. (Bloomberg)

  • In an effort to better compete with slightly more upscale fast-casual chains, The Wendy's Co (NASDAQ:WEN) plans to roll out a line of entree salads later this month. The fast-food concern will also improve the ingredients in its side-salad offerings. (USA Today)

  • Also, Molycorp Inc (NYSE:MCP), AutoZone, Inc. (NYSE:AZO), RadioShack Corporation (NYSE:RSH), and McDermott International (NYSE:MDR) reported quarterly earnings. (Reuters; SFGate; Nasdaq)

  • Finally, Twitter Inc (NYSE:TWTR) is installing two log cabins at its San Francisco headquarters to serve as dining facilities for its employees. The cabins themselves were originally built in the 1800s, and are being shipped to the social media company from Montana. (Mashable)

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